Vancouver-based silver producer Great Panther Silver (TSE:GPR) announced on Thursday that it will join the Russell Global Index after the company posts its new set of global equity indexes tomorrow.
"We are pleased to join the Russell Global Index following our recent addition to the Market Vectors Junior Gold Miners Index," said Great Panther's president and CEO, Robert Archer.
"Membership in these indexes is a testament to the continued growth of Great Panther Silver, both at our mines and in the markets, and will help raise our profile with institutional investors," he added.
The membership, which is for one year, means automatic inclusion in the large-cap, small-cap, and all-cap indexes, as well as the applicable style, sector and country indexes.
Russell determines membership for its equity indexes mainly by objective, market-capitalization rankings and style attributes, Great Panther said.
Russell Investments offers performance benchmarks and has about $161 billion worth in assets under management as of March 31, serving individual, institutional and advisor clients in more than 35 countries.
The Russell Global Index, which captures 98% of investable securities globally, reconstitutes each year as all sub-indexes are re-calibrated to accurately measure current market realities for each segment.
Great Panther has a majority interest in two operating mines in Mexico. Its aim is to be a main silver producer by acquiring, developing and profitably mining precious metals.
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